FINANCE NOTE

Mercury Systems (NASDAQ: MRCY) — Q4 FY2026 Post Earnings

Operations

Q4 2026
Q4 Revenue ↑ 6.11% YoY $289.78M
Divisions
Sensor & Effector 50.9%
C4I 37.1%
Other 12.0%

Key Earnings Driver

Other Sensor & Effector Sensor & Effector revenue increased 38.5% to $147.5M. Within Sensor & Effector, Radar revenue increased 13.4%, Electronic Warfare revenue increased 37.9% and Other Sensor & Effector revenue increased 86.1%. C4I revenue declined 15.7% to $107.6M. Other revenue declined 11.2% to $34.6M.

Key Operating Metrics¹

METRIC

STATUS

Sensor & Effector↑ 38.5%

Radar↑ 13.4%

Electronic Warfare↑ 37.9%

Other Sensor & Effector↑ 86.1%

🟢 Scaling

C4I↓ 15.7%

🟡 Watch

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Mercury Systems website and/or SEC filings for Q4, with status based on reported data.